Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[Toxic2040]

warp speed Scotty...give her all shes got!


there seems to be a break out in progress  dyor
1h

stronkhands

[1714986884]

1714986884

[1714986884]

1714986884

[1714986884]

1714986884

[VB1001]

Pantera Capital CEO: Bitcoin Could Peak Over $500K in August 2021

Pantera Capital Founder and CEO Dan Morehead has predicted there is more than a 50-50 chance Bitcoin goes up “and goes up big”, with a predicted peak of over $500,000 in August 2021.

The San Francisco-based blockchain and cryptocurrency hedge fund founder made the comments in a April 30 letter to investors examining the performance of Bitcoin (BTC) prior to the May 12 rewards halving in comparison to gold, oil, and venture capital.

Initially hesitating to make any kind of prediction, saying he was “of two minds” as to how the halving would affect the price of the cryptocurrency, the CEO acknowledged “if the new supply of bitcoin is cut in half, all else being equal, the price should rise”:

“Bitcoin has historically bottomed 459 days prior to the halving, climbed leading into it, and then exploded to the upside afterwards. The post-halving rallies have averaged 446 days – from the halving to the peak of that bull cycle. In this cycle, the market did in fact trough 514 days before the halving.”

However, Morehead then dropped a bombshell prediction:

“IF history were to repeat itself, bitcoin would peak in August 2021 – at $533,431. Obviously that’s a big IF. That price sounds ludicrous.... Just sayin’ that there’s more than a 50-50 chance bitcoin goes up – and goes up big.”

https://cointelegraph.com/news/pantera-capital-ceo-bitcoin-could-peak-over-500k-in-august-2021

This sounds a bit stratospheric, but the badger is capable of many things, In no case sell all your BTC.

Hi, $9,000

[cafetools]

HELOOOOO Hugeeeeee green candle 9k + whooooo!!!!!!!!!!!!!

[JayJuanGee]

Remember a couple of days ago we had $9,207, and about 5 days ago we had $9,485 (aka a fluke, or was it a "gift"?)....


so maybe rockets are in order.....?


or perhaps, just perhaps, this is all fake?  an illusion?

[Cryptotourist]

I may be the only one here with no data worth saving....

Exaggerating again, I think we can agree, that the only data worth saving, is in vinyl.

edit: that and BTC blockchain of course.

[HairyMaclairy]

Gentlemen prefer vellum

[Cryptotourist]

Pour another one out for the homies.

Good morning, good evening, and good night Jay.
How do you feel today?

Gentlemen prefer vellum

BTC blockchain in velum, gotcha.

#so_Sumerian_not

[VB1001]

Remember a couple of days ago we had $9,207, and about 5 days ago we had $9,485 (aka a fluke, or was it a "gift"?)....


so maybe rockets are in order.....?


or perhaps, just perhaps, this is all fake?  an illusion?

Well, in December 2017 we went from 10,000 to almost 20,000 in approximately 14 days, I am ready to go up or down, although I prefer to go up.

[Icygreen]

Elon Musk is selling his two houses (worth about $40 mil in total) and saying, ostensibly, that he would have "no possessions" because:

1. he thinks that we are at a RE top
2. he became a "revolutionary" [after mouthing off something something about "fascists"]
3. he is moving to China
4. he is selling TSLA to some Middle Eastern sheiks and would move there (Dubai?)
5. he is moving to Mars
6. he merged with AI and is about to control us all
7. he is having a midlife crisis
8. he is using RE sales to fund his BTC purchases.

What's it going to be? Please come up with %% of probability if you like.

1. 30% chance
9. option should be: Elon thinks we are nowhere near the top and wants to convince you to sell your shares early. 70%

[Biodom]

Pantera Capital CEO: Bitcoin Could Peak Over $500K in August 2021

Pantera Capital Founder and CEO Dan Morehead has predicted there is more than a 50-50 chance Bitcoin goes up “and goes up big”, with a predicted peak of over $500,000 in August 2021.

The San Francisco-based blockchain and cryptocurrency hedge fund founder made the comments in a April 30 letter to investors examining the performance of Bitcoin (BTC) prior to the May 12 rewards halving in comparison to gold, oil, and venture capital.

Initially hesitating to make any kind of prediction, saying he was “of two minds” as to how the halving would affect the price of the cryptocurrency, the CEO acknowledged “if the new supply of bitcoin is cut in half, all else being equal, the price should rise”:

“Bitcoin has historically bottomed 459 days prior to the halving, climbed leading into it, and then exploded to the upside afterwards. The post-halving rallies have averaged 446 days – from the halving to the peak of that bull cycle. In this cycle, the market did in fact trough 514 days before the halving.”

However, Morehead then dropped a bombshell prediction:

“IF history were to repeat itself, bitcoin would peak in August 2021 – at $533,431. Obviously that’s a big IF. That price sounds ludicrous.... Just sayin’ that there’s more than a 50-50 chance bitcoin goes up – and goes up big.”

https://cointelegraph.com/news/pantera-capital-ceo-bitcoin-could-peak-over-500k-in-august-2021

This sounds a bit stratospheric, but the badger is capable of many things, In no case sell all your BTC.

Hi, $9,000

the original article has a more "modest" $115K prediction, not sure where the $533K number came from.
https://medium.com/@PanteraCapital/macro-impact-on-bitcoin-pantera-blockchain-letter-april-2020-1fdc792d4f33

...that would imply about 40% as much price impulse — bitcoin would peak at $115,212 /BTC.

[JayJuanGee]

Remember a couple of days ago we had $9,207, and about 5 days ago we had $9,485 (aka a fluke, or was it a "gift"?)....


so maybe rockets are in order.....?


or perhaps, just perhaps, this is all fake?  an illusion?

Well, in December 2017 we went from 10,000 to almost 20,000 in approximately 14 days, I am ready to go up or down, although I prefer to go up.

We seem to be in a kind of coiling phase currently, so it would seem very inaccurate to attempt to compare price movements that are at differing stages of their cycle.

Remember 2015 to 2016?  That is where we are at, which is a lot more ambiguous compared to being at the end of what ended up being a blow off top at the end of 2017 (even though, at that time, many of us, including yours truly did not believe that move from $10k to $20k was a blow off top).....

So, now we are still in a phase in which we are figuring out if the momentum is going to be UP or not.

Again, remember in 2015 and 2016 our top had been $1,163, so we beat around the bush in the half way there category for a long time, both on the way down in 2014 and on the way up that took us nearly two years, once we started going up to break through the previous ATH, but there was a considerable amount of time that we were not sure if we were going to go up, even in late 2016 when we were still attempting to figure out if the bitfinex "hack" situation had adequately been resolved or if it had broken bitcoin.

I have quite a few doubts that we can just break straight through $20k without a few corrections between our current price and $20k, but just like Phil_S said earlier today, honey badger does not like being too predictable, so surely in that regard, we might get some breaks that deviate from past patterns, perhaps, perhaps?

[Toxic2040]

Descending triangle, a very common top pattern on bitcoin

[img-snip-/img]http://

could be...we will have to see how it plays out..in the mean time..


                    FTFY

[bitebits]

Good read: https://unchained-capital.com/blog/bitcoin-is-common-sense/

[JayJuanGee]

Descending triangle, a very common top pattern on bitcoin

I thought that was called a bullflag?

There you have it.

Sufficient proof that we should be preparing our lil selfies for either direction... just in case.

[JSRAW]

What do you see?

[El duderino_]

Bitcoin may rise to $533,431 by August 2021, Pantera Capital CEO Dan Morehead wrote in a letter to investors

https://cointelegraph.com/news/pantera-capital-ceo-bitcoin-could-peak-over-500k-in-august-2021

Inject HOPIUM..... let it flow in my body

[Toxic2040]

Bitcoin may rise to $533,431 by August 2021, Pantera Capital CEO Dan Morehead wrote in a letter to investors

https://cointelegraph.com/news/pantera-capital-ceo-bitcoin-could-peak-over-500k-in-august-2021

Inject HOPIUM..... let it flow in my body

[JSRAW]

You are fast.. sway... I took good 10 mins haha

[LFC_Bitcoin]

Bitcoin may rise to $533,431 by August 2021, Pantera Capital CEO Dan Morehead wrote in a letter to investors

https://cointelegraph.com/news/pantera-capital-ceo-bitcoin-could-peak-over-500k-in-august-2021

Inject HOPIUM..... let it flow in my body

Previous halving rallies were 10,000% and 2,500%. What do we all think we will see this time?

[xhomerx10]

Descending triangle, a very common top pattern on bitcoin